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It would be a hard fought win and I would not complain or be ungrateful at all, but seeing the "TBTF" criminals who caused this mess stripped of their own funds and in jail, while we get a huge return would be the ultimate justice.
Courts and Mnuchin comments. It was going up steadily before Perry ruling. A lot of people anticipated a good ruling. I mean how could they not in the great USA? Instead we got some crooked garbage. This long is a lock in a just society. We are literally betting that justice will prevail.
Why else would price be going down this much?
How much do you think Trump knows about FnF, NWS, capitalization, and all that? I mean, I think he is smart, but there are too many things on his table worth more to him for him to spend the time needed to make a sound decision on all this. I think this is something he is trusting Mnuchin with 100%, and is going to let him do what he wants so long as it doesn't end up making Trump look bad like a bailout would.
It's not an exact thing. A slightly higher bottom can be good.
That's pretty huge, much bigger than a bunch of individuals on Twitter asking for it. Hope the message reaches them and they end. A lot of people coming forward against NWS lately. ICBA, now CMLA, and all those other organizations they added to the bottom of that letter. Really hope the letter reaches them and they stop the sweep. They have so much support from independent mortgage specialist groups that directly benefit the people.
This letter is the best request to Watt and Mnuchin to end NWS that we can get, hopefully Mnuchin and Watt end it.
Second <10% short volume day in a row.
You're forgetting that this is OTC where price falls even on buy volume. For every sell there is a buy. Someone is buying FNMA at $2.70. If NWS wasn't happening and the idea was that this was worthless, it would be there by now.
Sorry I don't follow? Who are these judges? And what are they ruling in?
So bottom line is that NWS was performed to no benefit or neutrality to FnF's existence. I just have a hard time believing that NWS was performed on some other basis of just wanting more money. 2018 insolvency was planned so Obama would not be involved in either another bailout or giving the market to TBTF banks.
Great to hear, so Calabria only ended up giving good news, as bad news was invalidated by Howard/Mnuchin
What was Obama reasons for the NWS? All the reports we're seeing clearly show it to be as a cash cow for negatively balanced Obamacare. Nothing about the concept of the NWS is constitutional nor conducive to a solvent FnF. Don't mean to get political, but I see no reason for the NWS beyond malicious and dishonest ones.
I agree it would have seemed logical a year ago. However now FnF are less than a year away from being insolvent. Also I am of the belief that Obama wanted to kill FnF and let his TBTF banking buddies take over the market. I mean, you can't reasonably believe the same guy responsible for the NWS and the same guy who hid countless documents from the courts regarding malpractice, is going to end it. The consequences of the NWS were apparent from its inception. They were trying to kill FnF and would then pass it off as "letting the big banks fail HURRAH!". No explanation should be given at this point as to the maliciousness of the Obama administration. They were masters at helping their rich buddies at the expense of other rich people, and passing it off as a triumph for the working man.
Wow. All they need is their capital it seems.
That's a screen shot of a tiny portion of today. Trades screen clearly shows more sells than buys. Still not enough sells to warrant that big of a drop in my opinion. Combined with very low short volume, and comments recently, make me think someone is knocking it down and loading up.
How does that mean reform is done? I believe NWS won't go through. Also the company is performing far too well to be wiped.
Lol very true. This is the justice and reason stock. If you believe those principles will prevail then this is for you. If you believe the system is rigged and corrupt, you short. I will place my bets on Trump doing good. Nothing has changed.
What is this from?
Is Calabria swamp? Seems like it to me. Hoping Trump is going to go with his own advisers over Pence's.
Did not see that part lol. I don't like that. But Mnuchin has been saying that FnF specifically, are valuable to mortgage liquidity.
That just looks like a bailout though.
Calabria, warned that there "is essentially no capital today backing Fannie and Freddie," which rely on a line of credit from Treasury.
Also said not going to be a bailout.
NWS is not happening.
"There will be no more bailouts"
Agreed, it is stopped. We've heard ICBA say it needs to be stopped after having a meeting with Mnuchin, Cohn, and Trump, and now Pence's advisor expresses the need for them to not have any bailouts. Fannie Mae stopped posting "we expect to pay X dividend in March", they were doing it every 10 days before hand, now it's been 16 days since they last said it. Everyone who means anything is touting the need for FnF to have capital.
Come March 31st where there is no NWS, it's going to seem obvious, especially when everyone in Trump's cabinet is pro-privatization of FnF and anti-bailouts. NWS is ended, FnF will be allowed to build capital.
What makes you think they didn't leak? We saw higher buy volume this morning than sell volume even though price was dropping. This price drop right now is forces. NWS is happening and MM trying to get as much as they can for cheap.
Lmao she should be fired for making such a huge mistake lmao. All our media is shit MSM, alt-media too, since its so sensational. If Alex Jones would tone the fuck down we might be able to have a good source of information. Breitbart pretty good, same with Zero Hedge. Shame though that the MSM screwed up so badly that we're left scavenging all this alt-media, many just trying to turn a profit, to find some semblance of truth.
NWS is not going to happen, telling you all right now. Don't let emotions get the better of you.
Anything for us?
True, do you know how exactly they control price?
Look at the Trades screen, really suspicious. Someone explain how we go down in price with so many more buys than sells.
It won't continue
NWS will not continue this month. They need to start building capital. They might not have a precise plan right away, but new regulations will call for a large capital requirements to ensure loans. They will let them keep it.
I think Mnuchin is pretty much the only one making decisions that will impact us. All I'm saying is that I don't expect to hear anything super bullish from Carson.
Hey ClayTrader is it going up tomorrow? Is all you can do is give play by play commentary? You're like a sports commentator stating obvious shit.
Did he ever say anything about FnF in the past?
I don't think Ben Carson is going to be the guy to set us skyrocketing. He's a surgeon, not an economist.
If you knew, why wouldn't you fake out the market? Hard to know.
Any news corresponding to the drop just now?
Why don't I see 8k sell on the Trades screen?
Almost 400k in sells in the last few minutes for FNMA.